The dollar’s rebound stalled as risk appetite increased after initial jobless claims data dropped -22K to 435K, compared with consensus of 450K, last week. This upstaged sovereign concerns in Ireland and a rise in China’s RRR. Treasuries rose after the Fed announced to buy $100B of bonds during the next 30 days and the 30-year bond auction was completed. Fed’s plan reminded us of its committed participation in the market.
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Rally in Oil Prices Resumes as Inventories Drew. USD’s Rebound Stalls
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